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Feb 27, 2013
02/13
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u.s. right now. but in all the studies that we have covered, all the stories we have covered we haven't come across the story where the outcome could mean town locals may end up with a tax increase in order to cover up to 15 million of costs of removing the wind turbines. this is shocking. they paid to 10 to $15 million in order to install the things to put them up with the idea they would be saving money over time as they ranch as you heard because of the curtailment right now they're operating at a loss. if they get rid of the turbines as the town wants, they will get taxed another $15 million in order to pay for that. joining us for a first-hand account, okay. we'r going back to that story in just a moment. let's move onto the sequester cuts for a moment here and how to fix them. president obama was in virginia today, warning of the dire consequences of defense cuts andwhat they will have on our military and our economy. you heard about all this, in 2012 of course we spent $65 billion o
u.s. right now. but in all the studies that we have covered, all the stories we have covered we haven't come across the story where the outcome could mean town locals may end up with a tax increase in order to cover up to 15 million of costs of removing the wind turbines. this is shocking. they paid to 10 to $15 million in order to install the things to put them up with the idea they would be saving money over time as they ranch as you heard because of the curtailment right now they're...
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Feb 26, 2013
02/13
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>> that's true, but u.s. citizens are all taxed on their worldwide income, whether it is derived from legal or illegal sources. so even if you are in an illegal business, used only to file a tax return. melissa: and people actually do that? image, isn't that admitting you are in of -- in an illegal business? at up the advantages that you didn't pay taxes. >> well, sometimes they do it after the fact. melissa: okay. all right. is there any way around this? because to me the problem -- you know, i always thought it makes sense to legalize and tax it. that way, you know, the government can collect revenue and media with some of the other problems because you're not going to make a light, but it does raid you're taxing the planned effective rate of 75 percentage since you will drive it back underground on a black market so that they can avoid paying taxes. >> very true. this industry has a natural color on it if you make it too expensive or too heavily taxed it would go back to the black market. we are working ha
>> that's true, but u.s. citizens are all taxed on their worldwide income, whether it is derived from legal or illegal sources. so even if you are in an illegal business, used only to file a tax return. melissa: and people actually do that? image, isn't that admitting you are in of -- in an illegal business? at up the advantages that you didn't pay taxes. >> well, sometimes they do it after the fact. melissa: okay. all right. is there any way around this? because to me the problem...
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Feb 21, 2013
02/13
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this sequester hits every aspect of the u.s. economy including your most important economic indicator. the balance of your 401(k). how bad will things get if budget is slashed, we're at $16 trillion gdp and talking about cutting the budget $85 billion and which have all of these threats, right? here to talk about this is oppenheimer fund chief economist, jerry webman. i want to start with the possibility, is the administration trying to scare everybody or is this legitimate when vilsack says, the meat industry could lose ten billion worth of business? >> i think both sides are trying to set themselves up so they can blame each other because sequestration will start happening. doesn't happen all at once. it will take place over some period of time. i think both side are trying to set us up so we'll blame the other one for whatever they did or didn't do. adam: so we see how it will hit our dinner tables. how will it hit the retirement investments or investments in general? >> interestingly enough, if you look at what fiscal tighte
this sequester hits every aspect of the u.s. economy including your most important economic indicator. the balance of your 401(k). how bad will things get if budget is slashed, we're at $16 trillion gdp and talking about cutting the budget $85 billion and which have all of these threats, right? here to talk about this is oppenheimer fund chief economist, jerry webman. i want to start with the possibility, is the administration trying to scare everybody or is this legitimate when vilsack says,...
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this trip was a slap in the face to the u.s. who is offering all this help to egypt there is also, the clerics have been repicking ahmadinejad and iranian regime you can't extend this shiite agenda throughout the region. melissa: we're not super popular there either. >> no, we're not. melissa: i don't know, are we necessarily anymore popular? >> this is the wake-up call for the americans, the u.s. administration. we have to realize that iran, obviously the regime, has its own agenda. and now egypt is not the egypt that it used to be. why did we offer egypt aid in the first place? in '78 president carter gave them aid, military aid to incentivize them being a peace keeper in the region, right? they helped out with the camp david accords which led to peace between israel and egypt. but they're not behaving the same way. we'll not give them the same aid when they're not behaving same way and actually cozying up to the enemy. melissa: my question was, iran is supposed to be squeezed so tight with the inflation and they have somehow
this trip was a slap in the face to the u.s. who is offering all this help to egypt there is also, the clerics have been repicking ahmadinejad and iranian regime you can't extend this shiite agenda throughout the region. melissa: we're not super popular there either. >> no, we're not. melissa: i don't know, are we necessarily anymore popular? >> this is the wake-up call for the americans, the u.s. administration. we have to realize that iran, obviously the regime, has its own...
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listen to what tony west, the acting u.s. associate attorney general said today. >> s&p documents make clear that the company would regularly tweak or bend, delay updating or otherwise adjust its ratings models to suit the company's business needs. melissa: wow, that's rough. experts and analysts questioning the real motivation behind the lawsuit. also why it has taken so long for the government to act. joining us on the phone in a fox business exclusive is saug eagan. he runs eagan jones rating company. he has been in his own dogfight with the government. >> welcome back to the show, sean. >> thank you melissa. melissa: what is your reaction to this? a lot of people are asking why s&p as opposed to moody's and fitch as well? is there political moat vision -- motivation behind this because the s&p has been critical of the government's own ratings. >> this has been a long time coming. this by the way is not just the u.s. government. about 15 states are also involved in this statute and a number of people have been asking why t
listen to what tony west, the acting u.s. associate attorney general said today. >> s&p documents make clear that the company would regularly tweak or bend, delay updating or otherwise adjust its ratings models to suit the company's business needs. melissa: wow, that's rough. experts and analysts questioning the real motivation behind the lawsuit. also why it has taken so long for the government to act. joining us on the phone in a fox business exclusive is saug eagan. he runs eagan...
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coming up, states across the u.s. pushing to hike minimum wage, but businesses could slash payrolls to return the favor. breaking it down in the number crunch. plus, another nightmare looming for boeing. 23,000 of the engineers could be going on strike on top of the dreamliner fiasco. can it avoid a financial crash landing? we got the details. can you ever have too much "money"? ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helpe
coming up, states across the u.s. pushing to hike minimum wage, but businesses could slash payrolls to return the favor. breaking it down in the number crunch. plus, another nightmare looming for boeing. 23,000 of the engineers could be going on strike on top of the dreamliner fiasco. can it avoid a financial crash landing? we got the details. can you ever have too much "money"? ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two...
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Feb 12, 2013
02/13
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the u.s. added record levels of when that power in. more than 60 percent of new capacity came in the fourth quarter. concerns that know wind energy tax credit would expire in december held spike that drive. all right. so this is the ty of great energy that i can finally get behind. solar and wind under the table. the man behind the breakthrough technology joins us next. i hope the white house takes notes on this one. the end of the day it's all about money and beer. ♪ melissa: a new type of drink is on tap. the brewery is now serving beer powered by beer. in an effort to cut fuel costs and the use heating oil the company has installed a new boiler that operates on spend great which is the leftover waste for the brewing process. joining me on the phone to explain is brendan smyth bring operations and engineering manager at the alaskan brewing company. welcome to the show, and i want to make sure the have the story right. that is really expensive, in addition how expensive it is to use fuel oil to power plants, so you figure that out t
the u.s. added record levels of when that power in. more than 60 percent of new capacity came in the fourth quarter. concerns that know wind energy tax credit would expire in december held spike that drive. all right. so this is the ty of great energy that i can finally get behind. solar and wind under the table. the man behind the breakthrough technology joins us next. i hope the white house takes notes on this one. the end of the day it's all about money and beer. ♪ melissa: a new type of...
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a man in oregon is suing the u.s. government, and an irs agent alleging the agent forced him into having sex by threatening a 40% sex penalty. >> he has leverage. melissa: how did he come up with that number? >> he said it all started when she called him saying he was being audited. she supposedly continued to send him flirtatious texts, and she unexpectedly showed up at his house. i mean, like, this sounds like the plot for a really bad, you know, sort of late night -- >> she was a government employee -- [laughter] he was a tax dodger. melissa: i don't know that i even believe this story. did this happen to you, adam? are you the guy in this story? i don't know. >> i'm thinking of so many inappropriate things that would get me fired. melissa: go ahead, it's cable! >> it's painful. the story's painful. >> i just feel like we're not hearing the whole story. how -- melissa: is it not believable to you? >> it's totally ridiculous. how did this particular irs agent zero in on this guy? melissa: i was wondering that myself
a man in oregon is suing the u.s. government, and an irs agent alleging the agent forced him into having sex by threatening a 40% sex penalty. >> he has leverage. melissa: how did he come up with that number? >> he said it all started when she called him saying he was being audited. she supposedly continued to send him flirtatious texts, and she unexpectedly showed up at his house. i mean, like, this sounds like the plot for a really bad, you know, sort of late night -- >> she...
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Feb 14, 2013
02/13
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analysts expect a drawdown in u.s. stockpiles of u.s. natural gas. >>> coming up on "money", the don't won't see you now. california scrambles for obamacare. there is one problem. it has run out of doctors for all those new patients of. we're going to explain it. >>> plus it is like something out of a spy novel. an elaborate oil trading lot by iran and syria is discovered and it spans the globe. are u.s.-led sanctions missing the mark? details coming up. do you ever have too much money or too much of secretary chu? ♪ . melissa: so the affordable care act kicks in next year and california is already bracing for impact. yes more people will get access to health insurance but turns out only 16 of california's 58 counties have required number of primary care physicians that are needed. some state legislators want to redefine who can treat patients, possibly having nurses and pharmacists pick up slack. is this fure of health care? joining me california assembly man, roger dickinson and fox's own charles payne. thanks to you both for joining
analysts expect a drawdown in u.s. stockpiles of u.s. natural gas. >>> coming up on "money", the don't won't see you now. california scrambles for obamacare. there is one problem. it has run out of doctors for all those new patients of. we're going to explain it. >>> plus it is like something out of a spy novel. an elaborate oil trading lot by iran and syria is discovered and it spans the globe. are u.s.-led sanctions missing the mark? details coming up. do you ever...
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Feb 16, 2013
02/13
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the u.s. green -- greenback it is a fun shorting the dollar we say the dollar is terrible but it is strengthening right now. >> that is interesting. that is so interesting what jonathan just said. the safe haven issue does not have a look at its. your bank is a safe haven. a the put the money into the d mattress. monday we have the social security coemmissioner whoissi warned it is broke.rybody. fix it now.now. they said no." wth he is here on monday. onight, cashing in on prescription drugs. really looks like a breeding ground for fraud and abuse. a new report says some hospitals and clinics get discounts on drugs. they are then getting reimbursed for the full price of the drug and pocketing the difference. why suspect anybody talking about this? we have the details. plus, cutting off the hand that feeds iran. the u.s. shuts dwn the gas for gold trade between iran and turkey, which we saw here on "money," by the way, and a top former cry official joins us to explain the new step to choke off
the u.s. green -- greenback it is a fun shorting the dollar we say the dollar is terrible but it is strengthening right now. >> that is interesting. that is so interesting what jonathan just said. the safe haven issue does not have a look at its. your bank is a safe haven. a the put the money into the d mattress. monday we have the social security coemmissioner whoissi warned it is broke.rybody. fix it now.now. they said no." wth he is here on monday. onight, cashing in on...
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Feb 11, 2013
02/13
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the u.s. added record levels of when that power in. more than 60 percent of new capacity came in the fourth quarter. concerns that know wind energy tax credit would expire in december held spike that drive. all right. so this is the type of great energy that i can finally get behind. solar and wind under the table. the man behind the breakthrough technology joins us next. i hope the white house takes notes on this one. the end of the day it's all about money and beer. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whateverhe world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry germany? at t. rowe price, we understand the connections of a complex, global econ
the u.s. added record levels of when that power in. more than 60 percent of new capacity came in the fourth quarter. concerns that know wind energy tax credit would expire in december held spike that drive. all right. so this is the type of great energy that i can finally get behind. solar and wind under the table. the man behind the breakthrough technology joins us next. i hope the white house takes notes on this one. the end of the day it's all about money and beer. [ kitt ] you know what's...
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Feb 13, 2013
02/13
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analysts expect a drawdown in u.s. stockpiles of u.s. natural gas. >>> coming up on "money", the don't won't see you now. california scrambles for obamacare. there is one problem. it has run out of doctors for all those new patients of. we're going to explain it. >>> plus it is like something out of a spy novel. an elaborate oil trading lot by iran and syria is discovered and it spans the globe. are u.s.-led sanctions missing the mark? details coming up. do you ever have too much money or too much of secretary chu? today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. atteion on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens.nswers. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd#
analysts expect a drawdown in u.s. stockpiles of u.s. natural gas. >>> coming up on "money", the don't won't see you now. california scrambles for obamacare. there is one problem. it has run out of doctors for all those new patients of. we're going to explain it. >>> plus it is like something out of a spy novel. an elaborate oil trading lot by iran and syria is discovered and it spans the globe. are u.s.-led sanctions missing the mark? details coming up. do you ever...
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coming up, states across the u.s. pushing to hike minimum wage, but businesses could slash payrolls to return the favor. breaking it down in the number crunch. plus, another nightmare looming for boeing. 23,000 of the engineers could be going on strike on top of the dreamliner fiasco. can it avoid a financial crash landing? we got the details. can you ever have too much "money"? ♪ melissa: okay. on to the always controversial issue of minimum wage, a growing number of states looking to hike the minimum wage with nine states already in connection in- in connectionin connectionincre. could this raise unemployment? with me to crunch the numbers, welcome to the show, steve. now, this is my reaction of raising the minimum wage, which sounds great, raise wages for workers b u feel, you know, places only have a certain amount of income to spend on labor, and they'll fire workers or raise the prices; right? >> it's one of the most studied issues in the world economically, and the vast majority of studies show when you raise
coming up, states across the u.s. pushing to hike minimum wage, but businesses could slash payrolls to return the favor. breaking it down in the number crunch. plus, another nightmare looming for boeing. 23,000 of the engineers could be going on strike on top of the dreamliner fiasco. can it avoid a financial crash landing? we got the details. can you ever have too much "money"? ♪ melissa: okay. on to the always controversial issue of minimum wage, a growing number of states looking...
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Feb 15, 2013
02/13
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the u.s. wednesday. first, the january ppi, producer price index, will be released. prices paid by the manufacturers, the producers of goods and services, and economists expect a rise of three-tenths of a percent, and, thursday, a reading of prices paid by consumers, the cti, the consumer price index, and economists looking for a rise of one-tent of a percent. >> the one thing, the federal reserve board. the federal reserve minutes are set to be released wednesday at 2 p.m. eastern. that gives us a look into what the fed thought about in the last meeting. investors love this stuff. have a great weekend, everybody. >> bye now. "money" with mel liz is a's next. melissa: i'm melissa francis. here's what's "money" tonight, cashing in on prescription drugs. really looks like a breeding ground for fraud and abuse. a new report says some hospitals and clinics get discounts on drugs. they are then getting reimbursed for the full price of the drug and pocketing the difference. why suspect anybody talki
the u.s. wednesday. first, the january ppi, producer price index, will be released. prices paid by the manufacturers, the producers of goods and services, and economists expect a rise of three-tenths of a percent, and, thursday, a reading of prices paid by consumers, the cti, the consumer price index, and economists looking for a rise of one-tent of a percent. >> the one thing, the federal reserve board. the federal reserve minutes are set to be released wednesday at 2 p.m. eastern. that...
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>> really the u.s. net imports from venezuela are way, way down from where they were but they're still about 900,000 barrels a day. total crude oil imports are still 1.1, 1.2 million barrels a day. obviously the ability of the u.s. to sethly raise its production has allowed all other nations to become less important but they're not that less important. this is still a significant producer. they're still a 2.1, 2 to 2.1 million barrels a day. that is still a lot of oil. melissa: you make the point if we didn't make a deal with despots around the world we wouldn't -- >> unfortunately oil does not sit under lands ruled by heirs of thomas jefferson. melissa: john kingston. thanks for coming on. appreciate your time. >>> time for today's fuel gauge report. oil futures were not safe from today's selloff. settling at 96.17 a barrel. u.s. households spent a record amount on gas. the average household spent $2900. that is according to the energy information administration. the previous record was 2750 per househ
>> really the u.s. net imports from venezuela are way, way down from where they were but they're still about 900,000 barrels a day. total crude oil imports are still 1.1, 1.2 million barrels a day. obviously the ability of the u.s. to sethly raise its production has allowed all other nations to become less important but they're not that less important. this is still a significant producer. they're still a 2.1, 2 to 2.1 million barrels a day. that is still a lot of oil. melissa: you make...
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Feb 14, 2013
02/13
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u.s. natural gas stockpiles fell less than forecast last week. that raised concerns that natural gas demand isn't keeping up with the abundant supplies. we were just talking about that. >>> next on "money", north carolina legislators approve massive cuts to jobless benefits. it will save the state mountains of cash but are they draconian measures? one of the state senators voting in favor of the cut joins us next. >>> plus, you know i'm totally smitten over my dog shaped flowers. my golden rose. i just love it. nothing could possibly make me happier this valentine's day than, oh, man, i was wrong. look at that. guys will drop dough on things on valentine's day they would normally never buy. we'll show you how businesses are making a killing. they're staying on the floor. these roses are that tall. from you? i didn't know you cared. do you ever have too much money or too many six-foot roses? you're the sweetest. i love them. where is the golden one? ♪ . ♪ (train horn) the economy comes to life.go, norfolk southern. one line, infinite possibili
u.s. natural gas stockpiles fell less than forecast last week. that raised concerns that natural gas demand isn't keeping up with the abundant supplies. we were just talking about that. >>> next on "money", north carolina legislators approve massive cuts to jobless benefits. it will save the state mountains of cash but are they draconian measures? one of the state senators voting in favor of the cut joins us next. >>> plus, you know i'm totally smitten over my dog...
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is the u.s. doing enough to stop iran? chrissy-- governor christie approves legislation in new jersey. will it give the economic boost lawmakers claim? even when they say it's not, it's always about "money." ♪ melissa: start by taking the pulse of the real estate market on "money," and fox business reported on it all day long, and the good news, mortgage applications rose by 1.8% in januarfrom december. that is the highest level in 18 months. how solid is the real estate recovery? with me isour all-star power pam. look at this. madison is the coldwl banker from the hit show, "million dollar lsting: l.a.," bruce ike maren, chairman of the continuing company, and dot tie, and jeff is chairman of douglas and development. welcome to all of you. bruce, starting with you. is real estate really back because we have been burned, baby. >> it is back in a very big weigh. the condo market in the major environments is on fire. melissa: really? dottie, do you agree with that? yeah, real estate is back, buy, buy, buy. i heard that bef
is the u.s. doing enough to stop iran? chrissy-- governor christie approves legislation in new jersey. will it give the economic boost lawmakers claim? even when they say it's not, it's always about "money." ♪ melissa: start by taking the pulse of the real estate market on "money," and fox business reported on it all day long, and the good news, mortgage applications rose by 1.8% in januarfrom december. that is the highest level in 18 months. how solid is the real estate...
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Feb 21, 2013
02/13
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it is eight days until the sequester plows into the u.s. economy. who is really facing the most financial pain? how can you make money from it? today's panel cuts through all the washington noise to get you some answers. >>> plus a breakthrough for health care. thousands of self-serve kiosks come to wal-mart and sam's club stores. can free health screenings prove a game-changer for providing care? the founder and ceo of the company behind them joins us. >>> ditch that fancy trip to the caribbean and come get baked in colorado. call jeff sipc oli. it gets green light from colorado regulators. businesses plan to lure tourists and turn colorado into the next amsterdam. will be a hit or the next buzz kill. even when they say it is not it is always about money adam: good evening to you. just eight days and a few hours until the latest government improsed fiscal disaster. eight days until cuts that both sides say they will completely crater the economy take place. and just eight days until budget cuts could tank wall street and the stock market rally whic
it is eight days until the sequester plows into the u.s. economy. who is really facing the most financial pain? how can you make money from it? today's panel cuts through all the washington noise to get you some answers. >>> plus a breakthrough for health care. thousands of self-serve kiosks come to wal-mart and sam's club stores. can free health screenings prove a game-changer for providing care? the founder and ceo of the company behind them joins us. >>> ditch that fancy...
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Feb 28, 2013
02/13
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u.s. con to the future of his firm. let's bring in our all-star "money" power panel to react what he said. chris whalen, executive vice president. dennis kelleher, better market ceo. scott martin, united advisors chief market strategist and fox business's very own dennis kneale. chris, let me start with you. what did you think? >> listening to jamie he called himself the general manager. i think that is a very good characterization. when you were talking about governance and separating the ceo and the chairman's role but he also alluded to the lead director. what we've seen since sarbanes-oxley legislation is the roles of directors have evolved. so even though you don't call them the chairman the lead director is really performing that role and he is up advising the ceo which is how it should be. i don't like the c suite inhabitants sitting on boards because they report to the board. it is really good i think as a general matter to separate the chairman and ceo role because it is a check and balance at the end of the da
u.s. con to the future of his firm. let's bring in our all-star "money" power panel to react what he said. chris whalen, executive vice president. dennis kelleher, better market ceo. scott martin, united advisors chief market strategist and fox business's very own dennis kneale. chris, let me start with you. what did you think? >> listening to jamie he called himself the general manager. i think that is a very good characterization. when you were talking about governance and...